Key takeaways

  • A microbusiness is a type of small business with fewer than 10 employees and an annual turnover of less than SGD1 million.
  • If you choose to open up a microbusiness, you could get started quickly and operate simply with low overhead costs. You will also be able to build closer relationships with customers.
  • Microbusiness opportunities abound — from e-commerce, dropshipping, and delivery services to freelance professional services and digital services.

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